Hyliion (NYSE:HYLN) Upgraded at Northland Capmk

Hyliion (NYSE:HYLN - Get Free Report) was upgraded by equities researchers at Northland Capmk to a "hold" rating in a research report issued to clients and investors on Tuesday, Zacks.com reports.

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Separately, Northland Securities raised their price target on Hyliion from $1.50 to $2.00 and gave the company a "market perform" rating in a research report on Tuesday, August 13th.

View Our Latest Stock Analysis on HYLN

Hyliion Trading Up 6.6 %

HYLN stock traded up $0.15 during mid-day trading on Tuesday, reaching $2.42. 653,000 shares of the stock traded hands, compared to its average volume of 958,409. The stock's fifty day moving average is $2.02 and its 200-day moving average is $1.74. The company has a market cap of $420.06 million, a P/E ratio of -3.97 and a beta of 1.89. Hyliion has a 52-week low of $0.52 and a 52-week high of $2.73.

Hyliion (NYSE:HYLN - Get Free Report) last released its quarterly earnings data on Tuesday, August 6th. The company reported ($0.06) EPS for the quarter, topping analysts' consensus estimates of ($0.08) by $0.02. Equities research analysts expect that Hyliion will post -0.29 earnings per share for the current year.

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Insider Transactions at Hyliion

In related news, insider Govindaraj Ramasamy purchased 30,000 shares of Hyliion stock in a transaction on Wednesday, September 11th. The stock was purchased at an average cost of $1.92 per share, with a total value of $57,600.00. Following the acquisition, the insider now directly owns 298,000 shares in the company, valued at $572,160. The acquisition was disclosed in a legal filing with the SEC, which is available at this link. 20.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Hyliion

Institutional investors and hedge funds have recently bought and sold shares of the business. AQR Capital Management LLC bought a new stake in Hyliion in the second quarter valued at about $40,000. The Manufacturers Life Insurance Company grew its stake in shares of Hyliion by 20.7% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 58,072 shares of the company's stock valued at $94,000 after purchasing an additional 9,948 shares during the period. Price T Rowe Associates Inc. MD grew its stake in shares of Hyliion by 9.0% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 104,086 shares of the company's stock valued at $184,000 after purchasing an additional 8,580 shares during the period. HITE Hedge Asset Management LLC acquired a new position in shares of Hyliion in the 2nd quarter worth approximately $656,000. Finally, Bank of New York Mellon Corp lifted its position in shares of Hyliion by 9.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 574,988 shares of the company's stock worth $931,000 after buying an additional 51,794 shares during the period. Institutional investors own 22.81% of the company's stock.

About Hyliion

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